speakasiaonline.marketing

Tuesday, 31 December 2013

The year of 2013 has been a watershed in the history of SpeakAsia. The company fought with
vigor against all odds to come out clean and ensure justice for all our vendors , employees and
consumers.

It was in mid December, 2013 we saw a few conclusive actions such as filing of provisional
charge-sheet by EOW , Mumbai. This charge-sheet is being carefully examined by our legal team
who will suitably respond at the appropriate time . However, we remain confident that we will
absolve ourselves of all the alleged charges framed against us.

We move on and welcome the year of 2014 with great expectations and hope . We at SpeakAsia ,
are confident that soon we will be able to put all our troubles behind and move forward to great
glory and prosperity for all.

We appreciate and thank all SpeakAsians for their support and encouragement . Together we can
and we will make the year of 2014 full of joy and happiness for all of us.

Friday, 19 July 2013

It has been brought to our notice that certain
unscrupulous people have been misleading the SpeakAsia family members by
offering them a new business proposition called as Qbule.com, claiming
that its connected with Speak Asia.

We would like to categorically state that this is completely
false. Neither the management of SpeakAsia nor any of
its promoters are related to them in any manner whatsoever.

We would also like to state that SpeakAsia management, or any of its
promoters or their relatives are not involved in any other business in
India which is posing as a venture of SAOL.

We caution all the members of Speakasia family to verify the details
of any new offering on their own, clearly understanding that SAOL obviously
will not bear any responsibility in any manner whatsoever.

Monday, 1 April 2013

In our ongoing effort to execute the Exit policy
announced by the company earlier, we had sent out two test batches of payments
to a few randomly selected panelists. While the first test batch experienced
some glitches, the second test batch was executed with relatively lesser number
of obstacles. This has given us the courage to undertake the payment to all the
applicants of the exit policy of the company.

As the company servers
and database are still in the possession EOW, Mumbai, the company has decided to
approach the Honourable Mumbai High court and to this end the company has filed
a WRIT in the Mumbai high court with reference number WP/1127/2013 with the
hearing dated expected on April 5, 2013. The company via this WRIT is
requesting the Honourable court to direct the Mumbai EOW to hand over the
database of the panelist so that we can execute the exit option at the
earliest.

Friday, 21 December 2012

Further to our last update on the execution
of the exit policy. we wish to inform our SpeakAsia community that we have
finished analysing the results of the first test batch of payouts that were
sent.

We have identified certain roadblocks such as
multiple claimants to the same panelist id or bank details not matching with
the ones submitted at the time of applying for the exit policy, because of
which not everyone got the remittance in their accounts.

We are at this moment addressing those issues
and hope to have a resolution to them by the end of this month. Once we have
the resolutions in place we will then send out a second batch of test payouts. On
successful completion of this second batch we will commence the payout as per
the exit policy.

We understand that there
are delays in the process. One of the main contributor to this delay is the
fact that we have had to do all the transactions and checking manually as our
old automated systems are still under the custody of EOW Mumbai Police. We
appeal to all the SpeakAsians to remain patient and bear with us as we work feverishly
towards attaining our goals.

Wednesday, 21 November 2012

A few pages such as
speakasia online support are fraudulently claiming to be the official company
pages in the social networking sites such as Facebook. We would like to state
that the company has only one official medium of communication that isSpeakasiaonlinemarketing.blogspot.com. Anybody else claiming to
represent the company is doing so falsely and the company is initiating strict
legal action against such websites & social networking sites.On the payout front, the company had sent out
the first set of test remittances to the bank accounts of some of the
panelists. The company at the moment is collating the data as to who all have received
it and for those who didn't get it, the company is identifying the cause and
finding remedial solutions for it. Once this exercise is complete the company
will then start the payout process in full swing.Warm Regards,SpeakAsia Corporate Marketing Team

Friday, 5 October 2012

As per the recent Order passed by the
Hon’ble Supreme Court, the mediation proceedings have come to an end. However,
SpeakAsia continues to stand by its commitment for releasing the payment to its
panelists. It is therefore putting in motion the execution of its exit policy
and as an initial step, SpeakAsia will be executing the payouts for a test
batch of panelists.

This exercise should take a
couple of weeks as confirmation e-mails would be sent first to those panelists
and then the amounts would be transferred upon receipt of confirmation. After
successful execution of the test batch, we will initiate the rest of the payout
based on the data available with us as per the exit option. Should we face any
difficulties in executing the payouts, we will then approach the concerned
authorities to seek remedial solutions. We will also keep all of you posted on
the developments as it happens.

We thank you for the patience shown till date
and request you to kindly bear with us as we execute this new effort of ours.

Sunday, 23 September 2012

In furtherance to our earlier communication and
also to bring more clarity to the subject please find below the course of
action as being decided by the company:-

1) Whilst waiting for the Order passed by the
Hon’ble Supreme Court to be made available to us, we would like to repeat and
reiterate that payments to panelists opting out under the EXIT option remain
the utmost priority for the Company.2) At this stage, particularly since mediation
process could not be completed, the Company would now take necessary legal
steps to remit the payments to the panelists directly.

3) The Company is also in the process of approaching
concerned Government authorities for seeking possession of the Panelist
database in order to authenticate the information.

4) The Company would also approach the banks and
RBI for the purpose of remittance of payments. An ascertainment date about
disbursement will be provided once above formalities are done with.

5) In the meantime, the Company would also await
Speaking Order from RBI which has to be passed by RBI by September 27, 2012 as
per the Order of Bombay High Court and take appropriate steps as per the same.

The company has been fighting its battle for
survival for more than a year’s period and at this stage, your cooperation and
patience in this battle is highly
appreciated. We would urge the same deliberation from all of you for times to
come.

With all
the efforts in line we are bound to overcome the difficult times.